$4 Trillion in MSRs Up For Grabs? Dont Bet On It

In a recent presentation to investors Fortress Investment Group estimated that $4 trillion in mortgage servicing rights may change hands over the next few years, but MSR investors and others say that estimate is much too high.

“Banks will dump MSRs to some degree,” said one investor who plays in the market, “but the $4 trillion is ridiculous. A better number might be $1 trillion.”

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